CNBC: The Stock Market is Exactly Where it Was One Year Ago

Article by Maggie Fitzgerald in CNBC financial

For all the excitement in the past 12 months, the stock market is exactly where it was one year ago.

The S&P 500 just traded at 2,851.67. On Aug. 6, 2018, the index closed at 2,850.4.

So investors have made nothing in the market and lost money including any fees. With dividends, investors have made a return of about 2%, barely keeping pace with inflation.

The last 12 months have been a whirlwind for stocks. Last year, the euphoria of a massive corporate tax break gave way to a U.S.-China trade war and a rate increase from the Federal Reserve, causing the market to suffer its worst December since the Great Depression and the S&P 500 to dip into bear market territory on an intraday basis.

To read this article in CNBC website in full and view the ralted chart, click here.